HOORELBEKE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HOORELBEKE
Largest movements
- Stocks and contracts +€38,599
up €38,599 (+84.7%), from €45,572 to €84,171
- Receivables within one year -€23,654
down €23,654 (-32.1%), from €73,725 to €50,071
of which Trade receivables: -€31,275
- Tangible fixed assets -€13,901
down €13,901 (-6.9%), from €201,523 to €187,622
of which Land and buildings: -€11,775
- Advances received +€17,603
up €17,603 (+142%), from €12,397 to €30,000
- Profit (loss) carried forward -€7,510
down €7,510 (-66.2%), from €11,353 to €3,842
- Trade debts -€5,789
down €5,789 (-13.2%), from €44,002 to €38,213
- Gross operating margin -€17,152
down €17,152 (-42.8%), from €40,079 to €22,928
- Taxes -€4,088
down €4,088 (-91.8%), from €4,451 to €363
- Depreciation +€1,370
up €1,370 (+7.3%), from €18,771 to €20,141
- Other operating charges -€608
down €608 (-13.3%), from €4,588 to €3,980
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €416,207 | €417,230 | +€1,022 | +0.2% |
| Fixed assets | 21/28 | €201,523 | €187,622 | -€13,901 | -6.9% |
| Tangible fixed assets | 22/27 | €201,523 | €187,622 | -€13,901 | -6.9% |
| Land and buildings | 22 | €179,668 | €167,893 | -€11,775 | -6.6% |
| Plant, machinery and equipment | 23 | €12,502 | €14,048 | +€1,546 | +12.4% |
| Furniture and vehicles | 24 | €9,353 | €5,681 | -€3,672 | -39.3% |
| Current assets | 29/58 | €214,684 | €229,608 | +€14,924 | +7.0% |
| Stocks and contracts in progress | 3 | €45,572 | €84,171 | +€38,599 | +84.7% |
| Stocks | 30/36 | €45,572 | €84,171 | +€38,599 | +84.7% |
| Amounts receivable within one year | 40/41 | €73,725 | €50,071 | -€23,654 | -32.1% |
| Trade receivables | 40 | €50,677 | €19,402 | -€31,275 | -61.7% |
| Other amounts receivable | 41 | €23,049 | €30,670 | +€7,621 | +33.1% |
| Cash at bank and in hand | 54/58 | €93,315 | €93,528 | +€213 | +0.2% |
| Deferred charges and accrued income | 490/1 | €2,072 | €1,839 | -€234 | -11.3% |
| Total equity and liabilities | 10/49 | €416,207 | €417,230 | +€1,022 | +0.2% |
| Equity | 10/15 | €58,462 | €50,951 | -€7,510 | -12.8% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €22,309 | €22,309 | = | 0.0% |
| Tax-exempt reserves | 132 | €186 | €186 | = | 0.0% |
| Distributable reserves | 133 | €22,122 | €22,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,353 | €3,842 | -€7,510 | -66.2% |
| Amounts payable | 17/49 | €357,746 | €366,279 | +€8,533 | +2.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €304,892 | €314,279 | +€9,387 | +3.1% |
| Trade debts | 44 | €44,002 | €38,213 | -€5,789 | -13.2% |
| Suppliers | 440/4 | €44,002 | €38,213 | -€5,789 | -13.2% |
| Advances received on contracts in progress | 46 | €12,397 | €30,000 | +€17,603 | +142% |
| Taxes, remuneration and social security | 45 | €2,855 | €410 | -€2,445 | -85.6% |
| Taxes | 450/3 | €2,855 | €410 | -€2,445 | -85.6% |
| Other amounts payable | 47/48 | €245,638 | €245,656 | +€18 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,854 | €2,000 | -€854 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,771 | €20,141 | +€1,370 | +7.3% |
| Other operating charges | 640/8 | €4,588 | €3,980 | -€608 | -13.3% |
| Gross operating margin | 9900 | €40,079 | €22,928 | -€17,152 | -42.8% |
| Operating profit (loss) | 9901 | €16,720 | -€1,194 | -€17,914 | |
| Financial income | 75/76B | €76 | €18 | -€59 | -76.6% |
| Recurring financial income | 75 | €76 | €18 | -€59 | -76.6% |
| Financial charges | 65/66B | €4,635 | €4,306 | -€329 | -7.1% |
| Recurring financial charges | 65 | €4,635 | €4,306 | -€329 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €12,162 | -€5,481 | -€17,643 | |
| Income taxes | 67/77 | €4,451 | €363 | -€4,088 | -91.8% |
| Profit (loss) for the period | 9904 | €7,711 | -€5,844 | -€13,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,711 | -€5,844 | -€13,555 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.